Naira loses further at black market
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Nigeria, March 12 -- Naira fell against the U.S. dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Friday, data from the FMDQ Security Exchange where forex is officially traded showed.
Also, the currency weakened at the parallel market.
Naira closed at N410.00 at the trading session of the I&E window on Friday, a N1.00 or 0.25 per cent devaluation from N409.00 it closed at the previous session on Thursday.
The domestic currency experienced an intraday high of N390.00 and a low of N412.20, before closing at N410.00 on Friday.
The depreciation of the local unit occured as turnover dipped by 66.75 per cent, with $63.88 million recorded as against the $192.11 million posted on Thursday.
Also, at the unoff...
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